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The global biological safety cabinet (BSC) market size is estimated to grow by USD 110.06 million, at a CAGR of 7.51% between 2023 and 2028.
Life science and pharmaceutical companies allocate a substantial portion, typically 15% to 20%, of revenue to research and development (R&D). This increased R&D investment fuels market expansion, particularly in biological safety cabinets. The life science sector, encompassing biotechnology, medical instruments, commercial research, and agriculture bioscience, witnesses a surge in global R&D spending. Consequently, as these sectors grow, the demand for BSC escalates, propelling the growth of the market during the forecast period.
The market growth analysis report also includes an in-depth analysis of drivers, trends, and challenges. Our market growth and forecasting report examines historical data from 2018-2022, besides analyzing the current market scenario.
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The market share growth by the pharmaceutical and biopharmaceutical segment will be significant during the forecast period. Pharmaceutical diagnostics maintenance is a critical aspect of ensuring the proper functioning and reliability of diagnostic equipment used in pharmaceutical settings. With the advancement in biotechnology and the rising use of biological agents in pharmaceutical and biopharmaceutical research and production require biological safety measures. Additionally, BSC are designed for pharmaceutical preparation and offer an aseptic working space in a controlled environment.
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The pharmaceutical and biopharmaceutical segment was valued at USD 88.92 million in 2018. Further, the growing need for novel vaccine development to prevent several emerging and re-emerging infectious diseases is increasing. Thus, various pharmaceutical companies globally are highly investing in increasing the R&D, manufacturing facilities, distribution networks, and marketing of novel vaccines for various infections. For instance, in March 2022, Bayer AG, a leading pharmaceutical company, invested USD 1.6 billion. The money is directed toward adding innovative technologies, new production facilities, and digitization. Thus, high investment by major players will boost the growth of the pharmaceutical and biopharmaceutical companies segment in the global biological safety cabinet market during the forecast period.
Class II biological safety cabinet is engineered for handling microbiological samples in studying cell culture, toxicology, pharmaceutical, and toxicology. The demand for Class II biological safety cabinets is increasing as they are highly efficient in maintaining inward airflow and have ultralow penetration air filters (ULPA) / high-efficiency particulate air (HEPA)-filtered downflow, which provides unidirectional airflow within the workspace. Further, with the incorporation of digital features in Class II BSC, working with highly infectious samples has become easier. Consequently, these features are responsible for driving the growth of the Class II segment in the global biological safety cabinet market during the forecast period.
The class I biological safety cabinets are designed to draw air away from the personnel working in the cabinet and create a negative pressure zone to prevent contaminants. Class I biological safety is widely used and only provides protection to personnel and the environment from exposure to biohazards. Additionally, the factor that is driving the use of Class I biological safety cabinets in life sciences and pharmaceuticals is its versatility, as it can accommodate a wide range of laboratory activities, including handling hazardous chemicals, biological materials, and equipment operation. Hence, the Class I biological safety cabinet segment is expected to witness growth in the global market during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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